The candle market size is expected to grow by USD 3.40 mn from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 8.18% during the forecast period, according to Technavio.
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Candle Market 2021-2025 : Scope
The candle market report covers the following areas:
Candle Market 2021-2025 : Market Trend
The rising use of wooden wicks is one of the trends in the market. Wooden wicks are small strips or tubes of wood made for candlewick applications. They can be manufactured from a variety of woods and are available in various widths. They are eco-friendly, sustainable, and free of toxins and phthalates. Wood wick candles are considered more appealing than cotton wicks. They burn slower, transfer heat more quickly into the wax, and spread more aroma throughout a room.
Candle Market 2021-2025 : Vendor Analysis
The candle market is fragmented, and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market. Bolsius International BV, Diptyque SAS, Empire Candle Co. LLC, Nest New York, Reckitt Benckiser Group Plc, Stonewall Kitchen LLC, The Estee Lauder Co. Inc., The White Company, The Yankee Candle Co. Inc., and Thymes LLC are some of the major market participants.
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Candle Market 2021-2025 : Segmentation
- Product
- Container Based: This segment will have significant market share growth during the forecast period. Container candles are candles that are sold in containers such as jars and tins. They are safer to burn and the containers can withstand the heat. owing to their self-contained nature. They are also more stable and hence are used during gatherings or outdoor celebrations.
- Pillars
- Others
- Geography
- North America: This region will account for the highest market growth during the forecast period. The growth of this region is attributed to factors such as the increasing demand for fancy candles during festive seasons and holidays such as Easter and Christmas. Moreover, market growth in this region will be faster than the growth of the market in other regions. The US and Canada are the key countries for the candle market in North America.
- Europe
- APAC
- South America
- MEA
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Candle Market 2021-2025 : Key Highlights
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will assist candle market growth during the next five years
- Estimation of the candle market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the candle market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of candle market vendors
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Analysis 2021-2025
Candle Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.18% |
Market growth 2021-2025 |
USD 3.40 million |
Market structure |
Fragmented |
YoY growth (%) |
7.02 |
Regional analysis |
North America, Europe, APAC, South America, and MEA |
Performing market contribution |
North America at 29% |
Key consumer countries |
US, China, Germany, UK, and Canada |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
Bolsius International BV, Diptyque SAS, Empire Candle Co. LLC, Nest New York, Reckitt Benckiser Group Plc, Stonewall Kitchen LLC, The Estee Lauder Co. Inc., The White Company, The Yankee Candle Co. Inc., and Thymes LLC |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table Of Contents :
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis: Household products
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 15: Product - Market share 2020-2025 (%)
- 5.2 Comparison by Product
- Exhibit 16: Comparison by Product
- 5.3 Container based - Market size and forecast 2020-2025
- Exhibit 17: Container based - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Container based - Year-over-year growth 2020-2025 (%)
- 5.4 Pillars - Market size and forecast 2020-2025
- Exhibit 19: Pillars - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Pillars - Year-over-year growth 2020-2025 (%)
- 5.5 Others - Market size and forecast 2020-2025
- Exhibit 21: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Others - Year-over-year growth 2020-2025 (%)
- 5.6 Market opportunity by Product
- Exhibit 23: Market opportunity by Product
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 25: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 26: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 APAC - Market size and forecast 2020-2025
- Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
- 7.6 South America - Market size and forecast 2020-2025
- Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
- 7.7 MEA - Market size and forecast 2020-2025
- Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
- 7.8 Key leading countries
- Exhibit 37: Key leading countries
- 7.9 Market opportunity by geography
- Exhibit 38: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 39: Impact of drivers and challenges
9 Vendor Landscape
- 9.1 Vendor landscape
- Exhibit 40: Vendor landscape
- 9.2 Landscape disruption
- Exhibit 41: Landscape disruption
- Exhibit 42: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 43: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 44: Market positioning of vendors
- 10.3 Bolsius International BV
- Exhibit 45: Bolsius International BV - Overview
- Exhibit 46: Bolsius International BV - Product and service
- Exhibit 47: Bolsius International BV - Key offerings
- 10.4 Diptyque SAS
- Exhibit 48: Diptyque SAS - Overview
- Exhibit 49: Diptyque SAS - Product and service
- Exhibit 50: Diptyque SAS - Key offerings
- 10.5 Empire Candle Co. LLC
- Exhibit 51: Empire Candle Co. LLC - Overview
- Exhibit 52: Empire Candle Co. LLC - Product and service
- Exhibit 53: Empire Candle Co. LLC - Key offerings
- 10.6 Nest New York
- Exhibit 54: Nest New York - Overview
- Exhibit 55: Nest New York - Product and service
- Exhibit 56: Nest New York - Key offerings
- 10.7 Reckitt Benckiser Group Plc
- Exhibit 57: Reckitt Benckiser Group Plc - Overview
- Exhibit 58: Reckitt Benckiser Group Plc - Business segments
- Exhibit 59: Reckitt Benckiser Group Plc - Key offerings
- Exhibit 60: Reckitt Benckiser Group Plc - Segment focus
- 10.8 Stonewall Kitchen LLC
- Exhibit 61: Stonewall Kitchen LLC - Overview
- Exhibit 62: Stonewall Kitchen LLC - Product and service
- Exhibit 63: Stonewall Kitchen LLC - Key offerings
- 10.9 The Estee Lauder Co. Inc.
- Exhibit 64: The Estee Lauder Co. Inc. - Overview
- Exhibit 65: The Estee Lauder Co. Inc. - Business segments
- Exhibit 66: The Estee Lauder Co. Inc. - Key offerings
- Exhibit 67: The Estee Lauder Co. Inc. - Segment focus
- 10.10 The White Company
- Exhibit 68: The White Company - Overview
- Exhibit 69: The White Company - Product and service
- Exhibit 70: The White Company - Key offerings
- 10.11 The Yankee Candle Co. Inc.
- Exhibit 71: The Yankee Candle Co. Inc. - Overview
- Exhibit 72: The Yankee Candle Co. Inc. - Product and service
- Exhibit 73: The Yankee Candle Co. Inc. - Key offerings
- 10.12 Thymes LLC
- Exhibit 74: Thymes LLC - Overview
- Exhibit 75: Thymes LLC - Product and service
- Exhibit 76: Thymes LLC - Key offerings
11 Appendix
- 11.2 Currency conversion rates for US$
- 11.3 Research methodology
- Exhibit 78: Research Methodology
- Exhibit 79: Validation techniques employed for market sizing
- Exhibit 80: Information sources
- 11.4 List of abbreviations
- Exhibit 77: Currency conversion rates for US$
- Exhibit 81: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
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